SA stocks
SA stocks

The Johannesburg Stock Exchange (JSE) was trading rather patchily on Tuesday with industrials and financial shares tumbling and offsetting gains in the resources sector.

SA stocks
SA stocks
The all share index was firmer 0.05 percent at 52,586.61 at the close of session on Tuesday, as industrials dropped 0.03 percent and banks lost 1.13 percent.

Investors seem to have a wait-and-see attitude globally as they ponder on U.S. President Donald Trump’s economic policy directions.

AngloGold Ashanti shed 0.48 percent to R165.04 as it paid its first dividend in three years.

Banks continued to droop, with FirstRand down 2.62 percent at R50.18 and Barclays Africa was 0.66 percent lower at R160.27.

Shoprite and Steinhoff attracted support for the second session amid plans to halt Christo Wiese’s merger deal.

Shoprite climbed 3.52 percent to R194.62, also assisted by half-year results in which it increased diluted headline earnings a share 15.5 percent. Steinhoff rose 2.7 percent to R72. Enditem

Source: Stanley Karombo, Xinhua/


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